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Detailed explanation of each & every topic of AUDIT for better understanding

Questions › Author "jaspreet_singh_2"
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Section 141 and 143
Jaspreet Singh SinghJaspreet Singh asked 3 years ago • 
407 views1 answers0 votes
Multiple SA asked in single questions
Jaspreet Singh SinghJaspreet Singh asked 3 years ago • 
462 views1 answers0 votes
Audit committee
Jaspreet Singh SinghJaspreet Singh asked 4 years ago • 
1409 views2 answers0 votes
Audit report/limited review after 45 days
Jaspreet Singh SinghJaspreet Singh asked 4 years ago • 
1170 views1 answers0 votes
CNO 493 TO 495.02
Jaspreet Singh SinghJaspreet Singh asked 5 years ago • 
915 views1 answers0 votes
May 18 Question-SA 505
Jaspreet Singh SinghJaspreet Singh asked 5 years ago • 
936 views1 answers0 votes
Q9 (MCQ) of ca final old course RTP. Is it incorrect?
Jaspreet Singh SinghJaspreet Singh asked 5 years ago • 
872 views1 answers0 votes
Order Number 18273
Jaspreet Singh SinghJaspreet Singh asked 5 years ago • 
1406 views5 answers0 votes
A peer reviewer is not allowed to examine the attendance records of the article assistants.
Jaspreet Singh SinghJaspreet Singh asked 5 years ago • 
819 views1 answers0 votes
What is difference between audit of PSU entities and audit of Non PSU entitites?
Jaspreet Singh SinghJaspreet Singh asked 5 years ago • 
804 views2 answers0 votes
Q43 MCQ Old Series 1
Jaspreet Singh SinghJaspreet Singh asked 5 years ago • 
767 views1 answers0 votes
Sir, how should I distinguish between clause 5 & clause 6 of first part of second schedule?
Jaspreet Singh SinghJaspreet Singh asked 5 years ago • 
700 views1 answers0 votes
Please explain the difference between peer review board and quality review board?
Jaspreet Singh SinghJaspreet Singh asked 5 years ago • 
3199 views1 answers0 votes
Reporting
Jaspreet Singh SinghJaspreet Singh asked 5 years ago • 
767 views1 answers0 votes
Fraud
Jaspreet Singh SinghJaspreet Singh asked 5 years ago • 
715 views1 answers0 votes
Sir, how will the auditor report incase of revision of financial statements under section 131 of companies act, 2013?
Jaspreet Singh SinghJaspreet Singh asked 5 years ago • 
740 views1 answers0 votes
What is the meaning of unexpired risk reserve?
Jaspreet Singh SinghJaspreet Singh asked 5 years ago • 
12264 views1 answers0 votes
RTP May 2019
Jaspreet Singh SinghJaspreet Singh asked 5 years ago • 
2008 views3 answers0 votes
Clause 12 Sir,Tax Audit is not applicable on Assesee who is covered under section 44B and section 44BBA then why will his profits be reported on presumptive basis under Clause 12?? Under SA 315, risk of material misstatement at financial statement level pervasively, overall responses under SA 330 are prescribed. Can you please explain the term overall responses?  
Jaspreet Singh SinghJaspreet Singh asked 6 years ago • 
1316 views2 answers0 votes
Specified Bank Notes : Is SBN still relevant for May18 as in Do detailed study necessary for its reporting or just Rule 11(d) for the sake of presentation in Audit report required?
Jaspreet Singh SinghJaspreet Singh asked 6 years ago • 
1104 views1 answers0 votes
Core banking System : Basic responsibilities of auditor in CBS [core banking solution] environment of the Banking Company?
Jaspreet Singh SinghJaspreet Singh asked 6 years ago • 
3549 views1 answers0 votes
Material Misstatement : Sir In sa 705, can u please give example of the case when it is not practicable to quantify the financial effects? Company audit 2 ke notes are not provided for in the notes…?
Jaspreet Singh SinghJaspreet Singh asked 6 years ago • 
1413 views1 answers0 votes
Doubt in RTP : Sir In question 7(c) of RTP ca final Audit, isnt the requirement for EOM para in the question wrong? coz the drafting should be made under the heading ‘material uncertainty for going concern’ in accordance with SA 570 after the key audit matters para(if applicable), in the audit report and not under EOM.
Jaspreet Singh SinghJaspreet Singh asked 6 years ago • 
804 views1 answers0 votes
Section 141 : 1. Section 141 states that any person whose subsidiary or associate is engaged as on date of appointment in services as per section 144 then such person shall be disqualified. Suppose, Mr. A was appointed on 30/4 and did not provide the service but during his tenure of 5 years, suppose he starts providing prohibited service to the company, will it amount to disqualification? Will the answer be different if he starts providing such services to any of 5 companies during his appointment? 2. A company A ltd. has a holding company H Ltd. which also has another subsidiary S Ltd. Mr. P( CA by profession) is a director of A Ltd. Now as per section 141, a person whose relative is a director or who is in the employment of the company as KMP or director of the company shall not be eligible for appointment. Now as per the section, Mr P is disqualified to be appointed as auditor of A Ltd. & as per ICAI notification, also disqualified to become auditor of H Ltd. as well, but can he become auditor of S ltd? 3. Section 141 also states that a person should not be hold any security in any of the 5 co.’s but the relative can hold securities of the company in which the auditor is to be appointed with face value upto 10000. Suppose currently, the face value per reliance share is rupees 10 but market value is 900 so technically, a relative can hold securities of reliance having value 900000. Is it correct? Further, kindly confirm, such 100000 limit is per relative and that too for the company in which the auditor is to be appointed. Suppose if the relative is holding securities in the subsidiary co. of reliance then there shall be no disqualification irrespective of the limit of face value.?
Jaspreet Singh SinghJaspreet Singh asked 7 years ago • 
4257 views1 answers0 votes
Penalty : Sir, there is a change/amendment in section 147 & s. 447 so now incase an auditor is found guilty in A/Y 18-19 of fraudulent intent for suppose previous year 16-17, then penalty provisions of previous act shall apply or from the new amended one???
Jaspreet Singh SinghJaspreet Singh asked 6 years ago • 
971 views1 answers0 votes
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